Tag ArchivesGDP

Maarten Ackerman

The recession is over – switch on the lights

By Maarten Ackerman, Chief Economist and Advisory Partner, Citadel With a positive growth figure of 2.2% for the third quarter of 2018, the technical recession is over. We can now switch on the lights and, hopefully keep them turned on, given the issues we’re experiencing with electricity. (more…)

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What to expect from November’s interest rate decision

By Maura Feddersen, Economist at PwC Strategy&. The last Monetary Policy Committee (MPC) meeting of the South African Reserve Bank (SARB) in 2018 is well underway, with policymakers considering the possibility of a rate hike in November against the backdrop of rising inflation expectations. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

What the Investment Summit needs to do – IRR

Rather than more deliberation, South Africa needs a reorientation of its policy trajectory if it hopes to attract the investment that will secure South Africa’s economic future. That’s the word from the Institute of Race Relations (IRR). (more…)

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Adriaan Pask, CIO at PSG Wealth

‘Green shoots appearing in SA economy’ 

It has been a cold winter for the South African economy, but there are many green shoots appearing, says PSG Wealth CIO, Adriaan Pask. “I dare say, we are feeling excited about what may transpire in the months ahead,” says Pask. (more…)

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Arthur Kamp, economist at Sanlam Investments

As if a recession is not bad enough, low growth lies ahead

By Arthur Kamp, economist at Sanlam Investments. Not only has South Africa entered a technical recession (two consecutive quarters of negative GDP), future growth expectations are now likely to be revised down. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Real GDP contracts for second consecutive quarter in second quarter

SA’s real GDP contracted for the second consecutive quarter in the second quarter, but the rate of decline at least moderated to a seasonally adjusted annualised 0,7% q-o-q from a downwardly revised 2,6% (previously 2,2%) in the first quarter, Nedbank economists said today.  The outcome was worse than market expectations of marginal growth of around […]

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Prof Raymond Parsons

SA will need to make much more strenuous efforts to break out of ‘low growth’ trap

South Africa will need to make much more strenuous efforts to break out of the ‘low growth’ trap into which a recession has now pushed it.  This is according to Professor Raymond Parsons, economist at the North West University Business School. ‘The extent to which the latest GDP figures for 2Q 2018 confirm that the […]

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Moody’s on South Africa: fiscal slippage likely this year, but medium-term targets within reach

“We expect a slower pace of fiscal consolidation than the Government of South Africa (Baa3 stable) is forecasting based on a number of headwinds,” Moody’s said in a statement this afternoon. (more…)

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